Read-Rite Message Board - Msg: 14781667

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Technology Stocks : Read-Rite

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To: vampire who wrote (4991)	11/10/2000 8:12:22 PM
From: couldawoulda	Read Replies (1) of 5058

That $11 target by Chase is for 6 months and not 52 weeks as per the norm. Read-Rite Corp. (RDRT): Upgrade to BUY from Market Perform · Read-Rite reported F4Q-00 results of $146M/($0.25), ahead of our $160M/($0.30) estimate. · 3yr turnaround in recording heads largely complete-substantial leverage in model as biz turns. · 20GB recording head shortage for 6 months-RDRT is on allocation w/ signif mkt share gains. · Rate of decline in # of heads per drive moderating-look for CY01 desktop head volume growth. · Sustainable manufacturing & market position improvements double value of core biz to $7/share. · Present value of Scion Photonics difficult to gauge-we are comf. btwn $3-5/share in 6-12 mnths. · C4Q-00 to $175M/$0.03 from $195M/$0.00 & FY01 to $720M/$0.20 from $760M/($0.10). · Expect RDRT shares to perform well in improving drive environment. BUY with $11 6mos target. cnetinvestor.com Nobody clarified that here.

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